Victorian Inn

Hotel for Sale

HOTEL FOR SALE #3.JPG

Victorian Inn offers the Old-World Charm and Appeal. Conveniently Located in the highly Desirable and Progressive area of Downtown Sparks right on Victorian Avenue which is the hub of activities and nation-wide events such as The Rib-Cook Off; Hot August Nights, Street Vibrations and oh so much more! Walking distance to the New Outdoor Amphitheater, the Sparks Galaxy Theaters, the Nugget Casino Resort, and even In & Out Burger. Building and interiors were renovated in 2017 – 2019

Description

VICTORIAN INN – 8.170 SF HOSPITALITY BUILDING OFFERED AT $2,500,000 IN SPARKS, NV

 

Victorian Inn offers the Old-World Charm and Appeal. Conveniently Located in the highly Desirable and Progressive area of Downtown Sparks right on Victorian Avenue which is the hub of activities and nation-wide events such as The Rib-Cook Off; Hot August Nights, Street Vibrations and oh so much more! Walking distance to the New Outdoor Amphitheater, the Sparks Galaxy Theaters, the Nugget Casino Resort, and even In & Out Burger. Building and interiors were renovated in 2017 – 2019. The Asset astutely sits on both sides of Victorian Avenue consisting of a total of .27 acres of prime property. Offering 22 doors which are single occupancy bedrooms-Nightly rooms-offering Wi-Fi access, expanded cable, microwave, refrigerator and all utilities paid. Asset boasts Ample Paved Parking. Building includes a manager’s unit (in addition to the 22 doors), Elevator and common area, a small laundry room, and a quaint reception office area. 


The Investment appeal of the asset is not only visually evident given its prime location but the projected growth for the area aids in its future potentiality as a motel or conceptually a site for new high-rise housing.


Site is a Unique Opportunity in a potentially High Growth and Traffic generating Market. It is conveniently located for quick and easy access to Interstate 80, HWY 395/U.S. 580, and less than 5 minutes to the Reno-Tahoe International Airport, and approximately 20 minutes to the Tahoe-Reno Industrial Center which is home to Tesla, Panasonic, Switch, Google etc. and only approximately 30 minutes to Lake Tahoe. Property Structures:


The Asset is located on 2 parcels consisting of approximately 13,634 square feet, .313 acres, aka 1555 Victorian Avenue and 0 ‘A” Street, Sparks Nevada 89432. The Property is developed with a 2 & 3-story office/motel (approx. 8,170 square feet)), with small additional parking area. 

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